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SAIC, Momenta form 300M yuan JV, Momenta holds 51%

KEY FACTS

  • SAIC Motor's board approved a proposal on November 5 to set up a joint venture with Momenta and Yandian Technology.
  • The new company has registered capital of 300 million yuan; Momenta contributes 153 million yuan for a 51% stake, becoming the controlling shareholder.
  • SAIC Motor contributes 75 million yuan for 25%, and Yandian Technology contributes 72 million yuan for 24%.
  • Yandian Technology is part of SAIC-owned Yanfeng and focuses on electronics such as cockpit domain controllers.
  • SAIC took part in Momenta's Series C funding in 2021, and the two have already collaborated on intelligent driving in brands including IM Motors.

KEY DATA

300 million yuanJV registered capital
153 million yuanMomenta contribution
51%Momenta stake
25%SAIC Motor stake

PHYSIX OBSERVATION

Automakers and intelligent-driving suppliers are moving from project cooperation to equity ties, and Momenta holding control shows the technology side's rising bargaining power. SAIC uses the JV to lock in a core solution, but it also cedes part of its intelligent-driving leadership. For the industry, this kind of deep binding may become a common path for traditional automakers to shore up their smart-vehicle shortcomings; the pace of subsequent mass-production rollout is the key.

Source: Original report

SAIC, Momenta form 300M yuan JV, Momenta holds 51% | Physix Frontier Briefing